Investors can speculate about the future of a stock by watching how its insiders buy and sell stocks. LoanDepot Inc shares valued at $97,917 were sold by Walsh Jeff Alexander on Oct 01 ’24. At $2.66 per share, Walsh Jeff Alexander sold 36,811 shares. The insider’s holdings dropped to 4,035,317 shares worth approximately $8.23 million following the completion of this transaction.
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Also, Walsh Jeff Alexander sold 29,859 shares, netting a total of over 80,022 in proceeds. Following the sale of shares at $2.68 each, the insider now holds 4,005,458 shares.
Before that, Jeffrey A. Walsh had added 133,336 shares to its account. In a trade valued at $358,674, the Officer bought LoanDepot Inc shares for $2.69 each.
As published in a research note from Goldman on January 09, 2024, LoanDepot Inc [LDI] has been rated down from a Neutral to a Sell and the price target has been revised to $3. Analysts at UBS started covering the stock with ‘”a Neutral”‘ outlook in a report released in early December. As of March 09, 2023, William Blair has decreased its “an Outperform” rating to a “Mkt perform” for LDI. Earlier on January 09, 2023, Credit Suisse downgraded its rating. Their new recommendation was “a Neutral” for LDI stock which previously was a “an Outperform”.
Analyzing LDI Stock Performance
During the last five days, there has been a drop of approximately -22.73%. Over the course of the year, LoanDepot Inc shares have dropped approximately -42.05%. Shares of the company reached a 52-week high of $3.50 on 01/08/24 and a 52-week low of $1.52 on 07/05/24. A 50-day SMA is recorded $2.58, while a 200-day SMA reached $2.41. Nevertheless, trading volume fell to 0.95 million shares from 1.37 million shares the previous day.
Support And Resistance Levels for LoanDepot Inc (LDI)
According to the 24-hour chart, there is a support level at 2.00, which, if violated, would cause prices to drop to 1.95. In the upper region, resistance lies at 2.12. The next price resistance is at 2.19. RSI (Relative Strength Index) is 33.55 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -0.42, which suggests the price will decrease in the coming days. Percent R is at 98.80%, indicating bearish price movement. Stochastics %K at buying indicates that the stock is to be held.
